What are the criteria for certain brokerage houses going for NSDL while some others go for CDSL deposits? Which of them is safer? Also tell me which fund is better among IDFC Taxsaver and ICICI Prudential Tax Plan.
- Jitendra
There isn't any major difference between NSDL and CDSL. The former is larger because it began earlier than the latter. Both of their frameworks ensure high quality of safety.
Of the two funds chosen by you, ICICI Prudential Tax Plan has a longer, credible history. The fund is also showing superior momentum of late. IDFC Taxsaver is also a good fund, but ICICI Prudential Tax Plan looks a little more impressive.
This article was originally published on January 24, 2013.
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